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CA HSR cost estimate reaches $231B amid project criticism
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Industry News · May 13
Summary
California High-Speed Rail project cost estimates have reportedly increased to $231 billion, with critics calling it the 'worst public infrastructure failure in US history'
Details
Significant cost escalation may trigger procurement of cost management consultants, financial advisors, or consideration of P3 restructuring to salvage the project
Potential need for additional state/federal funding or alternative financing mechanisms to cover massive cost overruns
California High-Speed Rail Authority
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